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Title: Most profitable altcoin to mine? Post by: openagain on December 26, 2013, 01:43:02 AM What does everyone think is the current best one ?
In my opinion, Current: Dogecoin January: Earthcoin Title: Re: Most profitable altcoin to mine? Post by: jonanon on December 26, 2013, 01:59:55 AM I think it really depends - power costs etc.
I always think you should mine a coin that you believe in not simply for profit! ;D Title: Re: Most profitable altcoin to mine? Post by: skeet on December 26, 2013, 02:17:37 AM Hi everyone!
Newbie hear and have been lurking for sometime. I think earthcoin has the most potential when it comes to marketing strategy. Their site looks very professional and I heard that they are making a big splash on 2014 and this might be a big promotional event. Title: Re: Most profitable altcoin to mine? Post by: mjc on December 26, 2013, 02:59:21 AM If I were to tell you what the most profitable coin was, by the time you started to mine it, it would most likely not be profitable.
Mining any coin has a number of things that affect it's profitability: 1) Difficulty to find 2) Amount of hashing power you can commit 3) Current/Future value 4) Ease of use and/or liquidity 5) Complexities in the ecosystem of the target alt coin 6) Complexities between all alt coins 7) Complexities in the anchor currency (The one you convert to USD/EUR or what ever), for me this has been BTC. The current/future value can be artificially pumped up when people start the comments about the next big thing. For instance Dogecoin has seen some increase in value, just by being mentioned. What does it really have to offer? As long as there is someone willing to buy them you can sell them. Since mining is a longer term venture, you need to consider the complete eco system and landscape. I just made some money on www.vircurex.com. Here's what I did. I had NMC that I sold for DOGECoin which I then sold for LTC which I then sold for BTC. I made 25% more than if I just sold NMC -> BTC. To do this right you need to be able to model the differences between the currencies, place limit orders and be patient. Title: Re: Most profitable altcoin to mine? Post by: hostmaster on December 26, 2013, 04:39:29 AM Best alt coins to mine is chaging daily you can look here http://coinwarz.com to see best profitable coins.
Title: Re: Most profitable altcoin to mine? Post by: nweb01 on December 26, 2013, 05:23:45 AM At the moment maybe Dogecoin.
Title: Re: Most profitable altcoin to mine? Post by: infinitybo on December 26, 2013, 06:38:12 AM @Openagain Probably the best one is to come anyways actually most profitable altcoins to mine seems to be Catcoin righ now ;D
Title: Re: Most profitable altcoin to mine? Post by: chrissibel on December 26, 2013, 06:53:07 AM BitCoins and LiteCoins. I'd say litecoins if you have a decent scrypt miner or maybe even feathercoins. If you have a SHA-256 miner you would want to stick with UNO's or BetaCoins.
Title: Re: Most profitable altcoin to mine? Post by: BitcoinTate on December 26, 2013, 06:55:19 AM 1) http://www.coinchoose.com/
2) http://www.coinwarz.com/cryptocurrency 3) http://coinmarketcap.com/ |